INOC.TO vs. CASH.TO
INOC.TO (Global X Inovestor Canadian Equity Index ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - INOC.TO is a Canada Equities fund tracking the Nasdaq Inovestor Canada Index, while CASH.TO is a Money Market fund actively managed by Global X. INOC.TO is passively managed, while CASH.TO is actively managed. Over the past 3 years, INOC.TO returned 16.74%/yr vs 3.58%/yr for CASH.TO. At a correlation of -0.01, they often move in opposite directions. INOC.TO charges 0.76%/yr vs 0.11%/yr for CASH.TO.
Performance
INOC.TO vs. CASH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, INOC.TO achieves a 11.12% return, which is significantly higher than CASH.TO's 0.91% return.
INOC.TO
- 1D
- 0.16%
- 1M
- 4.50%
- YTD
- 11.12%
- 6M
- 13.11%
- 1Y
- 23.25%
- 3Y*
- 16.74%
- 5Y*
- 11.20%
- 10Y*
- —
CASH.TO
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 0.91%
- 6M
- 1.03%
- 1Y
- 2.23%
- 3Y*
- 3.58%
- 5Y*
- —
- 10Y*
- —
INOC.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INOC.TO Global X Inovestor Canadian Equity Index ETF | 11.12% | 13.17% | 11.66% | 21.10% | -5.66% | 1.46% |
CASH.TO Global X High Interest Savings ETF | 0.91% | 2.45% | 4.53% | 5.11% | 2.38% | 0.08% |
Correlation
The correlation between INOC.TO and CASH.TO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | -0.01 |
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Return for Risk
INOC.TO vs. CASH.TO — Risk / Return Rank
INOC.TO
CASH.TO
INOC.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Inovestor Canadian Equity Index ETF (INOC.TO) and Global X High Interest Savings ETF (CASH.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INOC.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.51 | ||
| Sortino ratioReturn per unit of downside risk | -23.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 6.97 | -5.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 112.08 | -109.54 |
| Martin ratioReturn relative to average drawdown | 8.68 | 385.49 | -376.80 |
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Drawdowns
INOC.TO vs. CASH.TO - Drawdown Comparison
The maximum INOC.TO drawdown since its inception was -39.65%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for INOC.TO and CASH.TO.
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Drawdown Indicators
| INOC.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -0.80% | -38.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -0.02% | -9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -0.06% | -14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -0.00% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.01% | +2.67% |
Volatility
INOC.TO vs. CASH.TO - Volatility Comparison
Global X Inovestor Canadian Equity Index ETF (INOC.TO) has a higher volatility of 3.12% compared to Global X High Interest Savings ETF (CASH.TO) at 0.06%. This indicates that INOC.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INOC.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.06% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 0.16% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 0.24% | +11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 0.61% | +12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 0.61% | +14.91% |
INOC.TO vs. CASH.TO - Expense Ratio Comparison
INOC.TO has a 0.76% expense ratio, which is higher than CASH.TO's 0.11% expense ratio.
Dividends
INOC.TO vs. CASH.TO - Dividend Comparison
INOC.TO's dividend yield for the trailing twelve months is around 1.16%, less than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.19% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% | 0.00% | 0.00% | 0.00% |
INOC.TO Global X Inovestor Canadian Equity Index ETF | 1.16% | 1.66% | 1.61% | 2.04% | 1.82% | 1.81% | 2.03% | 1.89% | 2.06% |
Frequently Asked Questions
INOC.TO and CASH.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.76% for INOC.TO.
INOC.TO is categorized as Canada Equities, while CASH.TO is Money Market. Their fees differ too: 0.76% for INOC.TO and 0.11% for CASH.TO.
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